COSCO’s Container Carrying Cut by China Tariffs, 2M First For Growth — Panjiva


COSCO’s Container Carrying Cut by China Tariffs, 2M First For Growth

Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container-lines offering U.S.-inbound services saw a 5% growth in volumes on a year earlier in August, the 18th straight expansion. That was remarkable given there was a 3% decline in shipments from China, likely linked to the widening tariff war being pursued by the two countries. There was also a degree of draw-forward in volumes with shipments unchanged vs. July compared to a 4% average growth month-to-month in the past five years. Unsurprisingly the Asia-specialist shippers did the worst with COSCO Shipping’s volumes down 11% while ONE arrested its previous decline to fall by just 0....

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